After the daily price of Bitcoin fell back to MA120, it did not effectively fall below it. The 4-hour pressure is 65,700. It will not go up directly here. It will fluctuate and consolidate before it can effectively break through.

Currently, it is on the eve of a big bull market. Once the interest rate cut begins, more liquidity will be released, and the market will have sufficient funds and purchasing power, then the big bull market will start.

Let's take a practical example:

Yesterday, May 3, the Federal Reserve announced that it would reduce the monthly balance sheet reduction from US$95 billion to US$60 billion (equivalent to withdrawing US$35 billion less liquidity from the market each month, and releasing 35 billion in disguised form). Although it is only 35 billion, this is already a signal before the Federal Reserve cuts interest rates. Compared with the trend of BTC, it directly pulled back from 57,000 to 63,000. This can already intuitively see the impact of liquidity on the currency price.

So, which stage is this stage now:

The Federal Reserve will raise interest rates from March 2022 to the peak in 2023.

Currently, the interest rate hike is stopped, and it is expected that the interest rate may be lowered in the next few months.

Just wait for the Fed to lower interest rates and release water, and the vigorous bull market will start. So, keep your heart. At present, the Bitcoin ecosystem brc20 inscription sector may take the lead again. There may also be new leaders.

After all, before each round of bull market, there must be a new leading sector. The last round of bull market was Defi, and this round is inscription. Those who explore potential can achieve a hundredfold return!

The most important thing at present is to be patient! Wait for the right opportunity to appear. #BTC走势分析 #5月市场关键事件 #ETH #BTC #灰度GBTC资金流出趋势结束了吗？